US is the “most indebted AAA-country” and runs “the loosest fiscal stance,” but the dollar as Reserve Currency still props it up: Fitch
But the debt-ceiling charade is back.
With peculiar consequences.
Wolf Richter on “This Week in Money.”
Did it forget how the US government hounded Standard & Poor’s?
The other option: too ugly to even imagine.
“We’re going to protect our people”: Governor Rosselló. Hedge funds reel.
There’s now a special math for NIRP refugees in Europe.
A toxic trifecta for bondholders.
Worse than the 1994 “Bond Massacre,” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….”